Personal loans in Madison, MN

Borrowers who want a bigger city can look to Canby, MN about 21 miles away. A 2020-to-2023 comparison shows Madison down by about 1.8%. State law, not city hall, decides what a lender may do to Madison's roughly 1,491 residents, and a state regulator supervises it. Pull your credit reports and line up at least three offers before you apply from Madison.

Madison: population, trend and location

Madison is a small community; the notes below cover its population profile and the statewide rules that apply.

• Population: the Census counts 1,491 residents in Madison (Vintage 2023 subcounty estimate), the 298th-largest figure among Minnesota's 853 places.
• Population trend: Lower by roughly 1.8% since the 2020 count.
• People gained or lost: about 27 fewer since the 2020 base.
• Size percentile: Madison sits ahead of around 65% of Minnesota places, at 1,491 people.
• Population density: about 1,420 people per square mile (Census land area 1.1 sq mi).
• Land area: Madison covers 1.1 square miles, the 489th-largest area among Minnesota's 853 places.
• Share of state population: Madison's 1,491 residents are about 0.0% of Minnesota.
• Nationally: Madison is the 8,708th-largest of 19,457 Census places in the dataset.
• Growth rank: Madison's 2020-to-2023 change ranks 594th of 853 places in Minnesota.
• Versus Minnesota: the state average change is +0.1%, while Madison moved 1.8%.
• Density rank: Madison places 151st among Minnesota's places by people per square mile.
• Density vs Minnesota: Madison's 1,420 people per square mile compare with a state median of 607.
• Location: mapped by the US Census Bureau at 45.0128, -96.1891.
• Nearest larger cities: Canby (21 mi); Ortonville (24 mi); Montevideo (24 mi); Milbank (26 mi); Granite Falls (35 mi). Larger metros often have more branches, but online lenders reach Madison on the same terms.
• Smaller communities within reach: Dawson (9 mi); Bellingham (10 mi); Louisburg (11 mi).
• Smaller places within 50 miles: 72 of them.
• At 100 miles: 49 larger Census places fall inside that radius.

The Minnesota lending rules that reach Madison

When Minnesota does not publish a figure, the row links to the source instead of inventing a number; Madison is bound by the same rules.

Madison on the map

Madison's land area is roughly 1.1 square miles, and the Gazetteer records no significant water area within it. That land carries about 1,420 people per square mile. Minneapolis, the largest place in Minnesota, is about 143 miles from Madison. Madison has 9 larger places within a 50-mile radius. The 100-mile radius contains 49 larger places.

How personal loans work in Madison

In Madison, a small community of about 1,491, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Two numbers drive a Madison loan: the APR, which includes fees, and the term, which decides how long you keep paying. Because the payment is fixed, the total cost of a Madison loan is knowable in advance — unlike a revolving card balance.

Steps to take before a Madison loan

These steps shape the offer you get in Madison, a place of about 1,491 people:

1. Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
2. Price the payment first with our personal loan calculator before any lender quotes you.
3. Line up several pre-qualified offers and let the APR decide.
4. Look the lender up in the Minnesota regulator's licence records before you sign.
5. Make sure the new payment leaves room in a budget you already keep.
6. Pick the shortest term whose payment you can comfortably afford.
7. Keep the amount to the expense; an approval is not a reason to take more.

What differs between Madison and the rest of Minnesota is not the process but the borrower's own file, among the 1,491 people here.

Madison in state context

Set beside Minnesota's 853 places, Madison ranks 298th by population and holds about 0.0% of the state total. Its 2020-to-2023 change ranks 594th of 853 Minnesota places, putting it near the 30th percentile for growth. By density, at about 1,420 people per square mile, it ranks 151st in Minnesota. The population moved by about 27 people between 2020 and 2023, a 1.8% shift.